Optas LLC Purchases 154 Shares of SAP SE (NYSE:SAP)

Optas LLC grew its position in SAP SE (NYSE:SAP) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,276 shares of the software maker’s stock after purchasing an additional 154 shares during the quarter. Optas LLC’s holdings in SAP were worth $807,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Foster Group Inc. raised its holdings in SAP by 4.3% during the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after buying an additional 45 shares during the last quarter. Wedmont Private Capital increased its stake in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of SAP by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc increased its stake in shares of SAP by 1.3% in the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its stake in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after purchasing an additional 52 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. JMP Securities lifted their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

Shares of SAP stock opened at $272.39 on Tuesday. The stock has a market cap of $334.63 billion, a price-to-earnings ratio of 94.91, a PEG ratio of 4.53 and a beta of 1.22. The firm’s 50-day moving average is $253.80 and its 200 day moving average is $233.28. SAP SE has a 1 year low of $173.09 and a 1 year high of $280.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts anticipate that SAP SE will post 6.53 EPS for the current fiscal year.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.